Chevron creates biofuels business unit

By OGJ editors
HOUSTON, June 2 -- Chevron Corp. has formed a biofuels business unit to pursue advanced technology and opportunities for production and distribution of ethanol and biodiesel in the US.

The biofuels unit will operate in the Chevron Technology Ventures LLC subsidiary.

Chevron made the announcement in Galveston, Tex., where the company is participating in the construction of what it calls the first large-scale biodiesel plant in the US. The plant will have an initial production capacity of 20 million gal/year and be expandable to 100 million gal/year (OGJ Online, May 12, 2006).

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